2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.3102 - REVOCATION OR MODIFICATION.

        633A.3102  REVOCATION OR MODIFICATION.
         1.  Unless the terms of the trust expressly provide that the trust
      is irrevocable, the settlor may revoke or modify the trust.  This
      subsection does not apply to trusts created under instruments
      executed before July 1, 2000.
         2.  Except as otherwise provided by the terms of the trust, if a
      trust is created or funded by more than one settlor, each settlor may
      revoke or modify the trust as to the portion of the trust contributed
      by that settlor.
         3.  A trust that is revocable by the settlor may be revoked or
      modified by any of the following methods:
         a.  By compliance with any method specified by the terms of
      the trust.
         b.  Unless the terms of the trust expressly make the method
      specified exclusive, then either of the following:
         (1)  By a writing, other than a will, signed by the settlor and
      delivered to the trustee during the settlor's lifetime.
         (2)  By a later will or codicil expressly referring to the trust
      and which makes a devise of the property that would otherwise have
      passed by the terms of the trust.
         4.  Upon termination of a revocable trust, the trustee must
      distribute the trust property as the settlor directs.
         5.  The settlor's powers with respect to revocation or
      modification may be exercised by an agent under a power of attorney
      only and to the extent the power of attorney expressly so authorizes.
      
         Section History: Recent Form
         99 Acts, ch 125, §26, 109
         C2001, §633.3102
         2005 Acts, ch 38, §54
         CS2005, §633A.3102
         2006 Acts, ch 1104, §4

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